{"id":6682,"date":"2012-01-05T01:17:10","date_gmt":"2012-01-04T23:17:10","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/refile-emerging-markets-hungary-assets-plummet-kazakh-bta-misses-coupons\/"},"modified":"2012-01-05T01:17:10","modified_gmt":"2012-01-04T23:17:10","slug":"refile-emerging-markets-hungary-assets-plummet-kazakh-bta-misses-coupons","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/refile-emerging-markets-hungary-assets-plummet-kazakh-bta-misses-coupons\/","title":{"rendered":"REFILE-EMERGING MARKETS-Hungary assets plummet, Kazakh BTA misses coupons"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Refiles to correct in 17th paragraph period since shekel<br \/>\ntraded lower)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Forint hits record low, Hungary 5-yr CDS at record high<\/p>\n<p><span><\/span><\/p>\n<p>* Kazakh SWF-controlled bank BTA misses coupon payments<\/p>\n<p><span><\/span><\/p>\n<p>* Broader emerging stocks hit 3-week highs<\/p>\n<p><span><\/span><\/p>\n<p>By Carolyn Cohn<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Jan 4 (Reuters) &#8211; Hungary&#8217;s forint hit a<br \/>\nrecord low on Wednesday as investors fretted about the country&#8217;s<br \/>\naccess to international funding, while Kazakhstan&#8217;s BTA Bank<br \/>\nfailed to make $160 million in coupon payments, raising a<br \/>\ndefault risk.<\/p>\n<p><span><\/span><\/p>\n<p>The forint fell 1 percent against the euro, Hungarian<br \/>\ndomestic and foreign debt yields soared and the country&#8217;s debt<br \/>\ninsurance costs hit record highs for a second day on fallout<br \/>\nfrom recent political developments.<\/p>\n<p><span><\/span><\/p>\n<p>The ruling Fidesz party pushed through a controversial<br \/>\ncentral bank law late last week, defying warnings from the<br \/>\nEuropean Union and International Monetary Fund.<\/p>\n<p><span><\/span><\/p>\n<p>Investors doubt Hungary&#8217;s ability to get international aid<br \/>\nfollowing the legislation, or tap international bond markets<br \/>\nunder current market conditions.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Refiles to correct in 17th paragraph period since shekel traded lower) * Forint hits record low, Hungary 5-yr CDS at record high * Kazakh SWF-controlled bank BTA misses coupon payments * Broader emerging stocks hit 3-week highs By Carolyn Cohn LONDON, Jan 4 (Reuters) &#8211; Hungary&#8217;s forint hit a record low on Wednesday as investors [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6682","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6682"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6682\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}